Toast Announces First Quarter 2025 Financial Results

About this update from Toast, Inc.

[{"type":"text","content":"Booked Applebee’s, Toast’s largest deal in company history","length":58,"tagName":"p","attribs":{}},{"type":"text","content":"Added over 6,000 net new Locations in first quarter 2025","length":56,"tagName":"p","attribs":{}},{"type":"text","content":"Annualized recurring run-rate (ARR) as of March 31, 2025 grew 31% to $1.7 billion","length":81,"tagName":"p","attribs":{}},{"type":"text","content":"Net income was $56 million and Adjusted EBITDA was $133 million in first quarter","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"BOSTON, May 08, 2025--(BUSINESS WIRE)--Toast (NYSE: TOST), the all-in-one digital technology platform built for restaurants, today reported financial results for the first quarter ended March 31, 2025.","length":201,"tagName":"p"},{"type":"text","content":""Toast kicked off the year with a fantastic first quarter - we added over 6,000 net new locations, grew our recurring gross profit streams1 37%, and delivered $133 million in Adjusted EBITDA," said Toast CEO and Co-Founder Aman Narang. "We continue to see strong momentum across both our core business as well as our new verticals in international, retail, and enterprise including marquee wins in Applebee’s and Topgolf. We are starting to see our scale and data across our 140,000 locations help our customers be more successful, which sets us up well as we continue to build out the platform and scale globally."","length":635,"tagName":"p"},{"type":"text","content":"Financial Highlights for the First Quarter of 2025","length":50,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"ARR as of March 31, 2025 was $1.7 billion, up 31% year over year.","length":65,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total Locations increased 25% year over year to approximately 140,000.","length":70,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross Payment Volume (GPV) increased 22% year over year to $42.2 billion.","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"GAAP subscription services and financial technology solutions gross profit was up 35% year over year to $394 million. Non-GAAP subscription services and financial technology solutions gross profit grew 37% year over year to $415 million.","length":237,"tagName":"p","attribs":{}}]},{"val":[{"type...

More updates from Toast, Inc.